DappRadar

Million

Blockchain Game Alliance

Coin

<ul class="news-points"> 
 <li>$297 million in investment funding went to Web3 games in July 2023.</li> 
 <li>The blockchain gaming sector accounted for 41% of the industry’s engagement.</li> 
 <li>Google Play updated its policy to “open new ways to transact blockchain-based digital content within apps and games.”</li> 
</ul> 
The crypto gaming sector received $297 million in investment funding in July 2023, a significant increase from the $68 million invested in June. NFT sales, however, have sharply declined. 
The blockchain gaming sector currently accounts for 712,611 daily unique active wallets (dUAW), which is a metric that measures the number of singular crypto wallet addresses that interact with a dApp’s smart contract. A study by DappRadar and the Blockchain Game Alliance found that this number of dUAW accounted for 41% of the industry’s engagement. 
The U.S. <a href="https://coinedition.com/tag/sec/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> targeting both Binance and Coinbase, which created industry uncertainty, may have contributed to the low numbers in June, the report claims. 
More than half of July’s investment was for infrastructure development, which accounted for 63% of the total investment of $187 million. Investors reportedly staked the… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/web3-games-on-the-rise-297-million-investment-pours-into-gaming/">Web3 Games on the Rise; $297 Million Investment Pours Into Gaming</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Web3 Games on the Rise; $297 Million Investment Pours Into Gaming

Coin Edition

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